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  •  Not laying off teachers is unproductive???? (1+ / 0-)
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    Marie

    Wow.  Just wow.

    but what do we do next year?

    Uh, hire more teachers?

    I'd say that's the best "investment" our country could make.

    (Not to mention that a stimulus can be of benefit even if the money is used to dig holes and fill them up again. Heck we got out the the Depression by digging holes and filling them up again. Mind you most of the holes were bomb craters in Germany, but a stimulus is a stimulus. The Marshall plan was the filling them up again part.)

    •  Re (0+ / 0-)

      Not to mention that a stimulus can be of benefit even if the money is used to dig holes and fill them up again.

      If you actually believe this, it is pointless to have a discussion with you. If the money is used to dig holes, some people will benefit and some will lose, but the entirety can only be a net loss when all factors are accounted for.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Sat Jun 12, 2010 at 07:03:02 PM PDT

      [ Parent ]

      •  Sorry, you are wrong. (0+ / 0-)

        To understand why read John Maynard Keynes - The General Theory of Employment, Interest and Money (1936). He rigorously disproved your thesis.

        I realize of course many self-styled libertarians have an aversion to Keynes, just as many creationists have an aversion to Darwin; but in both cases the critics have rarely read or understood the works in question.

        •  I understand... (0+ / 0-)

          ...Keynes's ideas perfectly well. However, they are wrong. This isn't ideological: it is entirely possible to be an "Austrian progressive".

          I am an evidence-based progressive. There is no evidence that Keynesianism works at all. See Japan in the 1990s for details. Name one country other than the US in the Great Depression that got out of a credit bubble collapse via Keynesianism.

          "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final total catastrophe of the currency involved."

          Ludwing von Mises

          There are reasons why the Great Depression is a special case (WWII etc). Name another example.

          (-5.50,-6.67): Left Libertarian
          Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

          by Sparhawk on Sat Jun 12, 2010 at 09:36:50 PM PDT

          [ Parent ]

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